Oksana Koneva

Treasury buys back $6 billion and long bond falls, Bob Elliott notes

Treasury buys back $6 billion and long bond falls, Bob Elliott notes
Treasury buybacks send long bond lower

Bob Elliott, co-founder and CIO at Unlimited, highlighted that an announcement of Treasury buybacks at $6 billion each caused the long bond to drop by half a point.

He also added a comment on the outcome for the U.S. House during the session.

Elliott has previously identified elevated housing prices as a factor sustaining U.S. consumer spending despite weak fundamentals, according to his comments in an earlier article. He has also observed ongoing debt concerns and worsening data in the Chinese economy. These observations reflect his continued focus on macroeconomic trends.

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